Forty-eight credit unions received capital injections as part of the financial sector bailout. The predicted probability of receiving bailout funds jumps from 29 percent to 81 percent for the typical credit union, if the institution's headquarters was in the district of a member of the U.S....

Expanded use of credit unions would benefit savers, borrowers, insurance funds, taxpayers, and the financial system. Specific advantages created by the expanded use of credit unions include: higher interest rates to savers, lower interest rates to borrowers, less credit rationing during periods...

The European Commission criticized cooperation among savings and cooperative banks for potentially anti-competitive effects. Using an industrial economics model of banks taking deposits and giving loans, we look at regional demarcation as one of such cooperative practices. We study two adjacent...

This paper provides an outline of both the competitive advantages and challenges currently faced by Italian cooperative credit banks. These banks play an important role for the stability of the financial system at the level of regions. They provide credit to individuals and households, as well...

This work analyses some aspects of cooperation, mutuality and commitment to the local community in the banking sector with specific reference to mutual banks (banche di credito cooperativo) which were first created in Italy around 1860, principally in response to the negative economic situation...

This paper aims to empirically test the credit risk, measured as non-performing loans, of cooperative banks which operate in a specific Italian geographic area (Lazio, Umbria and Sardegna).We perform a regression analysis over the period 1995-2009. The findings, in contrast with most of the...

Urban Cooperative Banks (UCBs) are among the major players in India's financial and economic system: Rs.100 thousand crores of deposits, Rs.67 thousand crores of credit, 1714 banks and a 10% share of the deposits market in India as on 31st March 2004. UCBs have the advantage that they are...

This study undertakes a modeling based performance assessment of all Irish credit unions between 2002 and 2010, a particularly turbulent period in their history. The analysis explicitly addresses the current challenges faced by credit unions in that the modeling approach used rewards credit...

Cooperative banks are small and their survival is not guaranteed by the "Too Big To Fail" policy so that their default can be concrete in time of crises. We analyze the contribution of efficiency to cooperative bank probability of default. We estimate several measures of bank efficiency...